Get Educated

Learn about the Foreign Currency Market

There’s a lot of information out there on the Internet discussing the conception of the Interbank and the Foreign Currency Market (Forex). Use it. I have several links on the bottom right of this blog.

1. http://www.stockcharts.com is a great website which has a “Chart School” section discussing basic concepts of technical analysis.
2. If you’re serious about foreign currency trading, John Murphy’s Technical Analysis of the Financial Markets is a must. It has been called by many the bible of Technical Analysis.
3. Begin reading http://www.dailyfx.com. They have a good team of technical analysts who provide a lot of good discussion about the analysis of various currency pairs within the foreign currency market. They discuss both fundamental and technical information. They have daily forecasts about where they believe each pair is moving and where it should go next. Jamie Saettele provides great information on currency pairs with his analysis based upon the Elliott Wave Theory.

Start a Free, Demo Account

1. I have a link on the bottom right of my blog about Metatrader. Go to http://www.metatrader5.com. Click the download button and install the software. Once you install it and run the program, it will ask you for some information to start your free demo account.

Start Demo trading from my Trade Recommendations

While you are learning to trade better, reading more about Technical Analysis, and learning how to potentially develop your own trading strategy, demo trade my Trade Recommendations from this blog.